DGTR’s Recommendation for Anti-Dumping Duty on TDI Likely to Deliver Promising Gains for GNFC
- 10-Sep-2020 11:00 AM
- Journalist: Francis Stokes
After the analysis of existing trade pattern, Directorate General of Trade and Remedies is likely to raise serious stress on imposing anti-dumping duty on Toluene Diisocyanate (TDI) imports from China and other countries. The probe if implemented will deliver high benefits to its supreme domestic player Gujarat Narmada Valley Fertilizers and Chemicals (GNFC). Post the implementation, the company could extend its profit margins, free from concerns over material jury due to low imported prices. GNFC is currently operating two TDI plants with plant capacities of 50 KTPA and 14 KTPA, respectively. Apart from GNFC, BASF NSE is another player operating in Indian market with an overall capacity of 7.5 KTPA, further it is also engaged in importing the same chemical from its international subsidiaries. Toluene Diisocyanate (TDI) is a specialty chemical used in various applications such as furniture, bedding, packaging and car seats. TDI has recorded appreciable gains in domestic market on the back of supply shortages from major European Countries.